On Wednesday, hours prior to the June dot plot reveal, Nomura’s Charlie McElligott wrote that
Category: Markets
Wapner, Cramer Receive Divine Tepper Revelation On Live Television
Don’t worry everybody, the stock market will probably be fine despite an upward shift in
Lehman Trader Learns First Rule Of Dramatized Market Commentary
It’ll be difficult to escape hawkish Fed interpretations over the next week or so. Take
FAIT Accompli
Admittedly, I found it difficult to get totally behind the notion that the June FOMC marked
Jobless Claims Surge, Philly Prices Highest Since Horse And Buggy
412,000 Americans filed for unemployment benefits last week, far more than expected. Out of nearly
Pay No Attention To These Projections
“These projections do not represent a committee decision or a plan,” Jerome Powell said Wednesday,
Fed Signals Two Hikes By End Of 2023
“Inflation has risen, largely reflecting transitory factors,” the Fed said Wednesday, in a June policy
McElligott: Op-Ex Is ‘Huge Thing’
That nearly three quarters of respondents polled in the June vintage of BofA’s monthly fund
Bubble Watching In US Housing
Housing starts rose in May, but missed estimates on the heels of April’s lackluster showing.
China’s Recovery Is Rolling Over
All the usual questions lingered ahead of the June Fed meeting. The balance of evidence
Tell Me Again About Your Models
Despite (and often because of), my overtly pessimistic take on the plight of humanity, I
The Economic Question Of Our Time
Have we entered a “high inflation regime”? At this point, asking that question feels like
As ‘K-Shaped’ Inflation Fears Worsen, $650 Billion Says It’s Transitory
You may not be buying the Fed’s “transitory” characterization of inflation, but nearly three quarters
A Depressing Conjuncture That Will Change No Minds
In what may well be further evidence to support the view that the US economy
Counting Days While Waiting On Nothing
Traders were “unruffled” Tuesday, ahead of the Fed and key data. That was Bloomberg’s adjective.
One Bank Asks: ‘What Bubble?’
What’s the definition of a “bubble” in the market context? That’s a question I’ve explored
Paul Tudor Jones And The Celebrity Fixation
Do you ever wonder why we (as a society) care about celebrity endorsements? In a
Topic Du Jour
Headed into the June Fed meeting, analysts and strategists were keen to dissect last week’s
An Important Non-Event
Outside of the geopolitical realm, the June Fed meeting will get top billing this week,
Bitcoin And Donald Trump Have A Lot In Common
Time and again over the years, I’ve argued that the volatility associated with Bitcoin makes
Stars May Be Out Of Alignment For Market’s Favorite Trade
Hopefully, you don’t find yourself in the unenviable position of being forced to say, definitively,
Summers, Druckenmiller And Two People I’ve Never Heard Of
I suggested Friday that “incredulous” was probably too strong a word for how market participants
Back To Goldilocks?
I’d say you could feel the incredulity in the room, but I’d be lying. Months
The Biggest Risk To The Inflation Trade Is… Inflation?
The inflation trade is in jeopardy from… inflation. That’s one takeaway from the latest installment
For US Consumers, Inflation Woes Persist Despite Sentiment Bump
Fortunately for everyone other than headline writers, inflation expectations fell in the preliminary read on
Who Are America’s Real ‘Lazy Freeloaders?’
I’ve variously argued that to the extent imbalances in the labor market are the result
They’re Buying It
They’re buying it. Figuratively and literally. Global equities looked for a fourth consecutive weekly gain
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